Comet Holding Ag · SIX:COTN
Comet — Investor Day (November 2020)
26 slides from Comet's investor day presentation, Nov 26, 2020
Slide 1: Capital Market Day 2020
Capital Market Day 2020 November 26, 2020 Kevin Crofton, CEO Comet AG Herrengasse 10 CH-3175 Flamatt T +41 31 744 90 00 www.comet.tech
Slide 2: Agenda
Agenda 01 Comet Group - strategic focus on core competencies and markets 02 Comet positioned to capitalize on macro environment 03 Delivery to promise in 2020 04 Future growth opportunities: 2021 and beyond 05 2020 - a year of progress
Slide 3: Comet Group – strategic focus on core competencies and markets
01 Comet Group – strategic focus on core competencies and markets
Slide 4: Leverage our strengths
Leverage our strengths One Company Two Technologies Three Divisions Four primary End Industries Comet Group Radio-frequency Plasma-control Semiconductors & Power technology Electronics X-ray X-ray Systems Automotive X-ray Modules Aerospace Security Capital Market Day 2020 11/26/2020 4
Slide 5: Developing Comet into a high-performing organization
Developing Comet into a high-performing organization Boost Commercial excellence Growth Outside-In Strengthen technology-driven market leadership Key to success: by boosting commercial skills customer value creation Creating a Boost high-performing Efficiency organization Empowerment Boost Speed & s
Slide 6: Comet positioned to capitalize on macro environment
02 Comet positioned to capitalize on macro environment
Slide 7: COVID-19 has accelerated the digital transformation of society
COVID-19 has accelerated the digital transformation of society More die and packaged die drives more demanding plasma & inspection processes • Cloud Storage • Data Centers • Gaming • Smart Home • Artificial Intelligence (AI) • Broadband • Remote Healthcare/Wearables • Ultra Fast Broadband • Machine
Slide 8: Wafer Fab Equipment (WFE) spending forecasts suggest a strong business environment for Comet
Wafer Fab Equipment (WFE) spending forecasts suggest a strong business environment for Comet So Semis WFE industry y-o-y % growth in capital spending … … and Comet’s view for three scenarios for FY 2021 11% 10% Most Likely: 2021 +5% YoY WFE Spending • High Performance Computing, 5G rollout continues
Slide 9: Radio-frequency subsystems spend growing
Radio-frequency subsystems spend growing RF subsystems: increasingly critical in semiconductor production equipment RF Subsystems to WFE (in million USD) RF Power Ratio to WFE 90’000 1’400 2.0% 80’000 1’200 1.8% 70’000 1.6% 1’000 60’000 1.4% 50’000 800 1.2% 40’000 1.0% 600 0.8% 30’000 400 0.6% 20’00
Slide 10: Traditional markets challenged in 2020 … but some bright spots
Traditional markets challenged in 2020 … but some bright spots Growth drivers in …. … Automotive … Light Passenger Trucks, Commercial Cars Busses Vehicles • Strong investment in electrification and autonomous driving Autonomous • Current environment: market crawling back up from April lows, Electrif
Slide 11: Delivery to promise in 2020
03 Delivery to promise in 2020
Slide 12: Key milestones achieved in 2020
Key milestones achieved in 2020 Comet Group Plasma-control Technology (PCT) • Divestment of eBeam as anticipated • Production site in Penang operational in less than ten months • Ongoing IMD program to foster cultural change • State-of-the-art factory for new RF Generator in Aachen (GER) • Proactive
Slide 13: Comet Group: accomplishments to date
Comet Group: accomplishments to date eBeam divested to years-long development partner Virtual program with IMD to accelerate cultural change Resilient to impact from COVID-19 Filled CEO and CFO positions Strong first half-year 2020 results: • Net sales +3% vs. H1 2019 • EBITDA margin 10.3% (H1 2019:
Slide 14: PCT: expanded production facilities in Europe and Asia
PCT: expanded production facilities in Europe and Asia Penang, new production site Several wins of strategic projects in matchboxes in the USA, growing market share in China State-of-the-art factory ready for production of new RF Generator in Aachen, Germany Expansion of capacitor production in Flam
Slide 15: Penang, new production site
Penang, new production site Capital Market Day 2020 11/26/2020 15
Slide 16: IXS: realignment of x-ray systems progressing – focus on portfolio, costs and new markets
IXS: realignment of x-ray systems progressing – focus on portfolio, costs and new markets Realignment / transformation underway to adapt to current business environment Invested in Artificial Intelligence, Machine Learning, Deep Learning: acquisition of Montreal-based Object Research Systems (ORS) P
Slide 17: IXM: new product adoption ahead of expectations
IXM: new product adoption ahead of expectations Rapid adoption of ION modules for diverse Security applications by approx.10 customers Cargo inspection Sales of novel Mesofocus experiencing strong pull from NDT customers (automotive, aerospace) Multiple Pluto units already sold to 3rd parties (Elect
Slide 18: Future growth opportunities: 2021 and beyond
04 Future growth opportunities: 2021 and beyond
Slide 19: Comet Group: dynamic growth in Comet’s focus markets
Comet Group: dynamic growth in Comet’s focus markets TAM 2019 CAGR 2019 – 2025 2025 Total available market 6% 5% 13% 12% 29% 40% Semi/Electronic Automotive USD 4.1bn ~ 3% USD 5.1bn Aerospace 5% 32% Security 45% 4% SnM (inc. Medical) 6% Other 3% SAM 7% 9% 10% Served available 1% market 15% 5% ~ 18% 4
Slide 20: PCT: opportunity to increase share of wallet with tier 2 customers
PCT: opportunity to increase share of wallet with tier 2 customers RF Power Spend by OEM [%, 2019] „Company 2“: Target all plasma processes in memory, foundry, logic Tier 2‘s Company 1 • Note: Qualification takes time: 21% 46% - 9 to 15 months tier 1’s - 6 to 9 months tier 2’s USD 740 mn • First rev
Slide 21: IXM: expanding market share and served available market with innovative products
IXM: expanding market share and served available market with innovative products New Markets • Enter Semi / Electronics with new microfocus Xplorer • Transfer of open Microfocus sources production and R&D to Flamatt Extend existing markets Security and NDT (stationary and portable) to be extended wi
Slide 22: IXS: three pillars on the road to sustainable profitability
IXS: three pillars on the road to sustainable profitability Successful transformation to current environment • Achieve profitability in 2021 Product portfolio focused on strategic markets • Reduce legacy systems Position for growth X-ray image of a detached bond die • Strengthen position in high-gro
Slide 23: 2020 - a year of progress
05 2020 - a year of progress cemet group
Slide 24: Business Update: confident for 2020
Business Update: confident for 2020 • Strategy execution on track Guidance FY 2020 • Trends observed in HY continued in the second half-year: Revenue (in million CHF) − Buoyant demand from the semiconductor sector − Softer market in automotive and aerospace 385 to 395 to continue but some pockets of
Slide 25: Disclaimer
Disclaimer This document contains forward-looking statements about the Comet Group that may be subject to uncertainty and risk. Readers should therefore be aware that such statements may deviate from actual future outcomes or events. Forward-looking statements in this document are projections of pos
Slide 26: cemet
cemet group